This Seattle Investors Club wholesale deal
OCCUPIED – Do Not Disturb! You must RSVP for access – no exceptions!
Only Property Tour available tomorrow on Friday 5/29/15 at 11:00 am. If you are late, you will not be able to access the property. This is an occupied property.
Real Estate Details:
Address:
14449 SE Allen Rd
Bellevue, WA 98006
Beds: 2
Baths: 1
Sq/Ft: 1,070 | 1 story with good ceiling height, and attached carport.
Price: $340,000
Estimated Rehab Cost: $75,000
Estimated Exit Value: $499,000
COMPS:
– https://www.redfin.com/WA/Bellevue/3711-147th-Ave-SE-98006/home/233639
– https://www.redfin.com/WA/Bellevue/3766-148th-Ave-SE-98006/home/234170
– https://www.redfin.com/WA/Bellevue/14432-SE-42nd-St-98006/home/233733
– https://www.redfin.com/WA/Bellevue/4029-142nd-Ave-SE-98006/home/234182
PHOTOS: Click here
Wholesale Deal Summary:
Solid house in ideal Eastgate location. Excellent access to transit & freeway access. This is currently a 2 x 1 house with a huge 9,050 SF lot. However, short on lot size for adding 2nd home (not an option). Excellent opportunity to add more SF to existing house for added value or just go with a straight forward full remodel. Closing date is a bit longer due to house being occupied and move-out timing. House to be vacant prior to closing. Gas heat. Electric range in kitchen.
Rehab Needs:
– Full remodel needed, except windows appear to be fine
– Siding looks to be in good shape
– Needs new roof
– Needs New slider door to back yard
– Needs All new kitchen & appliances
– Sheetrock / some wood paneling on walls
– Refinish hardwoods / add other new flooring
– Basic drainage strip at carport / slight slope to driveway
– Plexi-glass patio roofing or your choice on remodel
– Landscape budget
– Plan for larger demo budget / expect stuff to be left behind
Additional info:
– Earnest money : $1,000 to Escrow Service of Washington
– E/M Due: Plenty of time / EM Deposit & signed Assignment contract gets you the deal.
– Closing: On or before July 1, 2015
For Showings:
– Only Property Tour available tomorrow on Friday 5/29/15 at 11:00 am.
If you are late, you will not be able to access the property. This is an occupied property.
DISCLAIMER: Buyers may not rely on this information and must do their own review of all the numbers and information in regards to this property.
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